Solution-Compute the net cash provided by operating

Compute the net cash provided by operating activities

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Problem 1: Cashman Company reported net income of 255,000 for the year ended 12/31/2021. Included in the computation of net income were: depreciation expense, 45,000; amortization of a patent, 24,000; income from an investment in ordinary shares of Linda Inc., accounted for under the equity method, 36,000; and amortization of a bond premium, 9,000. Cashman also paid a 60,000 dividend during the year. The net cash provided by operating activities would be reported at:

a. 279,000 b. 231,000 c. 219,000 d. 171,000

Reference no: EM132708879

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Compute the net cash provided by operating activities

Reference no: EM132708879

Reference no: EM132708879

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